At federal trial, financier navigates friendship with Trump

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At federal trial, financier navigates friendship with Trump
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As wealthy financier Tom Barrack built a private equity empire that relied on his close contact with Middle East leaders, he encountered a stumbling block: his friendship with Donald Trump.

Tom Barrack leaves Brooklyn Federal Court, Monday, Oct. 24, 2022, in the Brooklyn borough of New York. Barrack, a close ally of former President Donald Trump has taken the witness stand at his federal trial to dispute charges he secretly fed confidential information about the Trump administration to the United Arab Emirates. –

In his second day of testimony Tuesday, Barrack described efforts to arrange for Trump to meet with UAE national security advisor Sheikh Tahnoun bin Zayed Al Nahyan and other officials from more moderate oil-rich Persian Gulf states to persuade Trump to tone down his “outrageous claims” about alleged threats from the Arab world.

Asked repeatedly if he ever “offered his services as a foreign agent” for the UAE, Barrack responded, “No.” Barrack, 75, is accused of using his “unique access” as a longtime friend of Trump to provide confidential information about the Trump administration to the UAE to advance the Emirates' foreign policy and business interests. Prosecutors say that UAE officials rewarded Barrack by pouring millions of dollars into his business ventures.

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